As of 05/26/2022
Indus: 32,637 +516.91 +1.6%
Trans: 14,142 +397.70 +2.9%
Utils: 1,022 +1.32 +0.1%
Nasdaq: 11,741 +305.91 +2.7%
S&P 500: 4,058 +79.08 +2.0%
|
YTD
-10.2%
-14.2%
+4.2%
-25.0%
-14.9%
|
 33,500 or 30,500 by 06/01/202214,700 or 12,400 by 06/01/20221,050 or 940 by 06/01/202212,800 or 11,000 by 06/01/20224,150 or 3,700 by 06/01/2022 |
As of 05/26/2022
Indus: 32,637 +516.91 +1.6%
Trans: 14,142 +397.70 +2.9%
Utils: 1,022 +1.32 +0.1%
Nasdaq: 11,741 +305.91 +2.7%
S&P 500: 4,058 +79.08 +2.0%
|
YTD
-10.2%
-14.2%
+4.2%
-25.0%
-14.9%
| |
|
33,500 or 30,500 by 06/01/202214,700 or 12,400 by 06/01/20221,050 or 940 by 06/01/202212,800 or 11,000 by 06/01/20224,150 or 3,700 by 06/01/2022 | ||
Statistics updated 9/17/2020.
The following are the top 10 performing chart reversal and continuation patterns. A complete list of chart patterns for both bull and bear markets is available in an Excel spreadsheet by clicking here.
$ $ $
My book,
Encyclopedia of Chart Patterns Second Edition
If you click on the above link and then buy the book (or anything) while at Amazon.com, the referral will help support this site. Thanks.
$ $ $
By taking the average of the averages, which is unscientific (but it does give a hint), we find that chart patterns acting as reversals outperform those continuing to trend in both bull and bear markets.
The following covers the top ten performers in bull markets only.
| Chart pattern | Average Rise |
| Rectangle top | 65% |
| Rounded top | 61% |
| Bump-and-run reversal bottom | 52% |
| Double bottom, Eve & Eve | 50% |
| Scallop, descending and inverted | 49% |
| Broadening formation, right-angled and ascending | 47% |
| Head-and-shoulders bottom, complex | 47% |
| Rounded bottom | 47% |
| Scallop, inverted and ascending | 47% |
| Big W | 46% |
| Chart Pattern | Average Rise |
| Double bottom, Adam & Eve | 64% |
| Bump-and-run reversal bottom | 58% |
| Rectangle bottom | 58% |
| Cup with handle | 54% |
| Rounded top | 51% |
| Three rising valleys | 51% |
| Rectangle top | 50% |
| Triple bottom | 49% |
| Rounded bottom | 48% |
| Head-and-shoulders bottom, complex | 47% |
| Chart Pattern | Average Decline |
| V top extended | 18% |
| Diamond top | 17% |
| Big M | 17% |
| Bump-and-run reversal top | 17% |
| Head-and-shoulders top, complex | 17% |
| Rounded top | 16% |
| Roof | 16% |
| Cup with handle, inverted | 16% |
| Double top, Adam & Eve | 16% |
| Double top, Eve & Eve | 16% |
| Chart Pattern | Average Decline |
| Broadening top | 20% |
| V top extended | 19% |
| Bump-and-run reversal top | 19% |
| Rounded top | 19% |
| Double top, Eve & Eve | 19% |
| Diamond bottom | 19% |
| Diamond top | 18% |
| Cup with handle, inverted | 18% |
| Scallop, ascending | 18% |
| Double top, Adam & Eve | 17% |
The average rise and decline are for hundreds of 'perfect trades' without commissions or fees deducted. Each reversal or continuation measures from the opening price the day after the breakout to the ultimate high (upward breakout) or low price (downward breakout). The ultimate high is the highest high before price drops by at least 20%. The ultimate low is the lowest low before price rises by at least 20%. Other restrictions apply, but you get the idea.
-- Thomas Bulkowski
See Also
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